Merrill Lynch alumnus Kurt Peterson previously had assets under management of about $177.5 million.
The Vanguard Group yesterday filed with the Securities and Exchange Commission to offer three index funds.
The hedge fund industry has joined with Habitat for Humanity of New York to raise money and help working families achieve home ownership.
Assets in Asia-based mutual funds—excluding those based in Japan—hit a high of $652 billion in 2006, according to a report from Boston-based Cerulli Associates.
Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
Morgan Stanley is in talks to purchase a 20% stake in Traxis Partners LP, a hedge fund founded by the company's former chief strategist, Barton Biggs.
Three hedge funds are set to pounce on Northern Rock, the British mortgage lender.
Goldman Sachs Group Inc. and Kohlberg Kravis Roberts & Co. have backed out of their $8 billion buyout of audio equipment maker Harman International Industries Inc. of Washington.
Envestnet Asset Management Inc. is bringing the PMC brand name back and giving the unit its own sales force.
